School City of Whiting (2) - School Operation Tax Levy

Shall School City of Whiting increase property taxes paid to the School Corporation Whiting 2026 Student Facilities, Safety, and Transportation Improvement Project which includes health, safety, and security upgrades to all school facilities; renovation and improvements and the potential construction of additions to student learning environments at all school buildings; upgrades to school buildings to support technology-ready classrooms; and construction of and improvements to athletic and support facilities and performing arts and music facilities, including a band room, together with the purchase of equipment, technology and buses, and student safety improvements for which the principal debt amount for the project will cost no more than $39,305,000 and the financing cost including interest and fees will cost no more than an additional $28,810,000 and is estimated to increase the property taxes paid to the School Corporation by imposing a property tax rate that results in a maximum annual amount that does not exceed $3,500,000. If this capital referendum public question is approved by the voters, for a median residence of $250,000, the property's annual property tax bill would increase by $530 per year.